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Hello fellow investors / traders,
We've had a solid week, but want to make it even better.
So tomorrow we focus on an earnings/breakout play, Green
Endeavors, Inc (GRNE).
Let me just cut to the chase here... GRNE has been trading sideways for a long time. Today they announced big earnings. We think GRNE could breakout from long term consolidation and run much higher off these levels.
Here is what we like technically about GRNE...
- GRNE has strong multi-week support just below current levels at around $0.007, and more long term support at $0.006.
- GRNE has a history of strong
moves higher. In addition to the gains we experienced, it also made a
113% run in February/March, and
then another 85% run at the end of April.
While past performance does not indicate future performance, such a history of making big gains should not be ignored.
- GRNE has been consolidating for a very long time. We think a breakout higher is very likely in the near future.
And like so many nice winners before, according to Yahoo! Finance, GRNE
has a tiny market cap of only $1.45 million.
Now back to today's big earnings news...
GRNE look like they are doing a lot of things right, improving their balance sheet, reducing their debt and growing revenues.
Background info on GRNE...
Green Endeavors, Inc. (GRNE),
headquartered in Salt Lake City, Utah, is a holding company with operations in
health & beauty. GRNE's
wholly owned subsidiaries, Landis Salons, Inc. and Landis Salons II, Inc. http://www.landissalons.com, operate hair salons
built around the world-class AVEDA(TM) product line. GRNE's newest wholly
owned subsidiary Landis Experience Center, LLC., http://www.avedaatcitycreek.com, sell a full array
of Aveda(TM) products.
Using the Aveda(TM) proven health and beauty
concepts, GRNE's
exceptional management and staff have allowed Landis Salons to generate
substantial revenues since its inception.
GRNE's
salons are founded on the spirit of community, outstanding customer service,
beautiful ambiance, talented stylists, and making customers feel
second-to-none.
In addition, GRNE's
Landis Salons are dedicated to environmental sustainability. All Landis
Lifestyle Salon locations participate in Rocky Mountain Power's Visionary
Blue Sky progam, utilizing as much renewable energy as possible. The Landis
Lifestyle Salon in the Liberty Heights neighborhood in Salt Lake City is the
only salon designated as an E2 Business. The E2 Program is a group of Salt Lake
City businesses devoted to environmental and economic sustainability. Landis
Salons have never "gone green." They started out that way.
With a strong technical profile
coupled with a tiny market cap, and rapidly improving business
fundamentals and financial position, we think GRNE could be an solid
prospect at these levels for both the short and longer term.
Make sure you do your own research into GRNE tonight and be
ready for the market open tomorrow. www.ShiznitStocks.com
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